On average, listings lease in the $20's per square foot per year. The Wakefield region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Greater Boston market, the Wakefield region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 5 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,830 sqft. Most properties in this region are around 4 floors. Most buildings in this market were built in 1983 and are Class A.